In response to rumors it's considering a major asset sale or business model change, Research In...

|By:, SA News Editor

In response to rumors it's considering a major asset sale or business model change, Research In Motion (RIMM -6.7%) reiterates its commitment to its existing turnaround plan, while noting its recent hiring of JPMorgan and RBC to evaluate "strategic alternatives." Today's huge selloff, fueled by a harsh Morgan Stanley downgrade, drives home just how little confidence the Street has in that turnaround plan.